Raynes Park Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Raynes Park Lease Extensions
I acquired a property in Raynes Park and it has just under 77 years remaining. I'd like to arrange a lease extension by twenty years
I am interested in getting a lease extension for a flat in Raynes Park and want to use a local conveyancers. Are you able to help me find a lawyers?
I am the owner of a maisonnette together with the freehold title. My downstairs neighbours have asked to extend the lease what do I need to do?
We are in a building comprising three flats in Raynes Park and have been offered to buy the freehold for 5k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I am looking to either purchase the freehold or a lease extension of my property in Raynes Park and have been in touch with the freeholder, have had quote for around £4k to extend the lease. I will be doing a get a new mortgage with Yorkshire Building Society to free up equity. My broker dealing with the remortgage suggested I get two estimates : one for the lease extension and one for the freehold acquisition .The lease commenced in 1991 and since then the ground rent has been raised from £15.00 per year to £300 per year.
My OH and I are considering buying a studio flat in Raynes Park which is a leasehold. I am wondering what are the pros and cons of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the land evict me from my own flat and block me from having a lease extension?
I would like some help on purchasing a leasehold residence. We plan to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Raynes Park area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
If somebody owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I am currently negotiating a lease extension for my flat in Raynes Park as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
I'm looking for some advice with regard to a lease extension on my one bedroom second floor purpose built flat in Raynes Park. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?